Baird analyst Jeffrey Meuler lowered the firm's price target on Equifax to $260 from $275 and keeps an Outperform rating on the shares. The firm siad the company provided a negative update, but the risk/reward is attractive following pullback. Valuation is attractive, normalized for mortgage cyclicality, and they believe investor near-term mortgage expectations now are much more achievable, expect solid consolidated through-cycle growth amplified by cyclical recovery, and expect incremental tech transformation benefits ahead.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSBank... To see the rest of the story go to thefly.com. See Story Here